NEW YORK, October 13, 2026: US stock markets moved slightly lower on Tuesday as investors reacted to falling semiconductor stocks and mixed quarterly earnings from major American banks.
The S&P 500 and Nasdaq Composite declined at the opening bell, while the Dow Jones Industrial Average moved higher. Investors remained cautious as they assessed corporate earnings and the outlook for the technology sector.
Chipmakers came under pressure following reports of technological advances by Chinese memory-chip manufacturer CXMT, raising concerns about increased competition for established US semiconductor companies. Micron Technology, Western Digital and other storage-related stocks recorded losses.
Meanwhile, major banks including JPMorgan Chase, Wells Fargo, Citigroup and Goldman Sachs reported quarterly results. Their performances were mixed, with some companies exceeding expectations while others faced pressure from weaker-than-expected revenue figures and slowing business activity.
Investors are also monitoring inflation, bond yields and upcoming US economic data for clues about the Federal Reserve’s future interest-rate decisions.
The latest market movements highlight growing uncertainty surrounding technology valuations, competition in the semiconductor industry and the strength of the US economy.
